Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2014

NVR’s total risk of loss related to contract land deposits as of June 30, 2014 and December 31, 2013, was as follows:


	June 30, 2014			December 31, 2013
Contract land deposits	$	309,677		$	296,646
Loss reserve on contract land deposits		(55,869	)		(59,761	)

Contract land deposits, net		253,808			236,885
Contingent obligations in the form of letters of credit		6,427			2,459
Contingent specific performance obligations (1)		1,505			1,707

Total risk of loss	$	261,740		$	241,051

(1)	At June 30, 2014 and December 31, 2013, the Company was committed to purchase 10 and 13 finished lots, respectively, under specific performance obligations.